How Ethereum Treasury Companies Beat Out ETFs: Standard Chartered
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 06 2025
0mins
Source: Benzinga
Emergence of Treasury Companies: Treasury firms are becoming a significant alternative to U.S.-listed spot Ethereum ETFs, with both groups acquiring approximately 1.6% of total ETH in circulation since June 1, highlighting the growing institutional interest in these treasury companies.
Investor Sentiment and NAV Multiples: The net asset value (NAV) multiple for treasury companies has stabilized above 1, indicating they are fairly priced or undervalued, especially when considering benefits like staking rewards, which may attract investors seeking more dynamic exposure than passive ETFs.
Analyst Views on SBET
Wall Street analysts forecast SBET stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SBET is 25.60 USD with a low forecast of 15.00 USD and a high forecast of 50.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 9.970
Low
15.00
Averages
25.60
High
50.00
Current: 9.970
Low
15.00
Averages
25.60
High
50.00
About SBET
SharpLink Gaming, Inc. is an online performance-based marketing company serving the United States (U.S.) sports betting and global iGaming industries. The Company is a marketing partner to sportsbooks and online casino gaming operators worldwide. It operates through the Affiliate Marketing Services segment. Through its iGaming affiliate marketing network, known as PAS.net, it focuses on driving qualified traffic and player acquisitions, retention and conversions to U.S. regulated and global iGaming operator partners worldwide. It also owns and operates a portfolio of direct-to-player, state-specific, affiliate marketing Websites designed to attract, acquire and drive local sports betting and online casino gaming traffic to its valued partners, which are licensed to operate in each respective state. It is licensed to operate in about 18 jurisdictions and owns and operates direct-to-player (D2P) sites serving 17 U.S. states. It has developed a treasury strategy centered on ETH.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
